Treasurer

The Goulash co-op may not have raised enough money to take over Soho restaurant the Gay Hussar but don’t give up hope yet. “It’s not over till the fat Hussar sings!” says Mark Seddon, former Tribute editor and Goulash member. “Between us, we have decades of campaigning against the odds. The owners, Corus, haven’t let the staff or anyone else know who the other bidder(s) are — but we think we have the best plan, the most support — ie most of the customers — and can raise the money.

INSURANCE giant American International Group (AIG), trying to put its house in order in the face of investigations by regulators, is allowing Maurice Greenberg to stay as non-executive chairman, although he is to step down as chief executive.

ALL over the City as the end of the year approaches, the big accountancy firms are running seminars to outline to clients how UK-quoted companies will soon be expected to adopt International Accounting Standards and the wide-ranging changes in financial reporting that will flow from these.